The Brewery Equipment Market is estimated to be valued at USD 16.8 billion in 2019 and is projected to reach USD 24.0 billion by 2025, recording a CAGR of 6.1% from 2019 to 2025. Increasing number of microbreweries and brew pubs, rise in demand for craft beer across regions, and product innovations in the brewery equipment market are factors driving the growth in the brewery equipment market.
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Increasing demand for brewery equipment in developing countries such as China, India, Vietnam, and South America and focus on digitalization as well as automation for process optimization are some of the opportunities that are projected to drive the market.
The craft brewery equipment segment is further segmented into mashing equipment, fermentation equipment, cooling equipment, storage equipment, compressors, and others. In the craft brewery equipment market, the fermentation equipment segment is projected to be the fastest-growing during the forecast period. During the fermentation process, the wort is kept in the tanks for few weeks and acid is released as a byproduct. Due to this, there are major chances of tank deterioration. Since the tanks are occupied for a longer duration during the process, there can be a requirement of more tanks by craft breweries to increase production. Due to these factors, the fermentation equipment segment is projected to drive the market for brewery equipment during the forecast period.
The brewery equipment market, on the basis of brewery type, is segmented into microbrewery and craft brewery. The craft brewery equipment segment market is projected to grow at a higher CAGR by 2025. Over the years, there has been a rise in the demand for premium and flavorsome beer produced in small batches. Consumers these days are shifting from traditional beer to craft beer. This has led to an increase in the number of microbreweries and brewpubs around the globe. Due to the rise in the number of microbreweries, the demand for microbrewery equipment is increasing, which in turn, is driving the overall demand for equipment in craft breweries.
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Leading companies are Alfa Laval (Sweden), GEA Group (Germany), Krones Group (Germany), Paul Mueller (US), Praj Industries (India), Meura SA (Belgium), Della Toffola (Italy), Criveller Group (US), Kaspar Schulz (Germany), Ningbo Lehui International Engineering Equipment Co., Ltd. (China), Hypro Group (India), and Shanghai Hengcheng Beverage Equipment Co., Ltd. (China).
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